Latest Agencies Headlines
All the headlines from our Agencies Topic Page, ordered by recency.
The Texas Department of Insurance Issued a Notice about New Online Agent Exams
Jul 2 2021 // The Texas Department of Insurance issued a notice this week of the availability of a new option to take a certification exam at your home or at an office online for most major insurance agent lines. An off-site monitor...
The Regulatory and Legal Risks Facing Online Broker Robinhood
Jul 2 2021 // Robinhood Markets Inc, the online brokerage at the center of this year’s retail trading frenzy, disclosed on Thursday previously unreported regulatory risks in its long-awaited initial public offering filing. Amid an...
Gallagher Acquires 100% Stake in India’s Edelweiss Gallagher Insurance Brokers
Jul 2 2021 // Gallagher announced the acquisition of Edelweiss Gallagher Insurance Brokers Ltd. (EGIBL) from Edelweiss Group, one of India’s leading diversified financial services firms. Gallagher previously held 30% in the...
Zywave Continues Expansion with Purchase of IBQ Comparative Rating for Agencies
Jul 1 2021 // Insurance technology provider Zywave has acquired Spokane, Wash.-based IBQ Systems, which offers personal and commercial lines comparative rating. No terms of the deal were disclosed. The acquisition expands Zywave’s...
Insurance Broker A.J. Gallagher Reports on Investigation Into 2020 Ransomware Attack
Jul 1 2021 // An investigation by insurance broker Arthur J. Gallagher & Co. into a ransomware attack on its systems last September has revealed that personal information on individuals was accessed. The broker is in the process of...
Digital E&S Broker Pathpoint Raises $30 Million
Jun 29 2021 // Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding. Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC,...
Michigan Insurance Agent Pleads Guilty to Embezzling Clients’ Money
Jun 25 2021 // A Muskegon insurance agent charged with fraud and embezzling his clients’ money has pleaded guilty, according to Michigan Attorney General Dana Nessel and the Department of Insurance and Financial Services (DIFS)...
Allstate CEO Strategy: More Independent Agents But No More ‘Human Modems’
Jun 24 2021 // Allstate Corp. wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters on Wednesday. But the...
8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker
Jun 21 2021 // Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that aims to protect against adverse tail risk, while supporting growth and...
How Agents Can Help Construction Clients Prepare for Post-Pandemic Growth
Jun 21 2021 // Nearly a decade of continuous construction industry growth was halted in 2020 as the industry battled direct and collateral effects from COVID-19. According to Nationwide’s recent Agent Authority research,...
The Impact of Commercial Lines Raters on Independent Agencies
Jun 21 2021 // For many years independent agencies waited anxiously for a practical multi-company rating system in commercial lines. Now, several easy-to-use products are available to agencies with quoting capability among a growing...
Why Agents Should Specialize in the Commercial Surety Space
Jun 21 2021 // Agents with clients who need license and permit bonds, miscellaneous bonds, court bonds or any number of bonds classified as “commercial,” should think twice about letting this business go to a competitor....
Goldman Sachs-Backed Broker Aston Lark Buys Premier Insurance Consultants
Jun 17 2021 // Premier Insurance Consultants Ltd. is the latest brokerage to be snapped up by Aston Lark, the insurance broking consolidator backed by Goldman Sachs. This takes Aston Lark’s total number of acquisitions up to 15 so...
People Moves: Howden Hires Sturani and Nanni from Aon; WTW’s Young to Head M&A at Hamilton; Ballantyne Brokers Adds 2 More Senior Roles
Jun 17 2021 // Howden, the London-based international insurance broker, announced that Luigi Sturani has been appointed chief executive officer, Europe, along with Enrico Nanni who joins his team as chief commercial officer, Europe, in...
People Moves: Jencap’s Maher, XS Brokers’ Mordarski Promoted; AGCS Hires Two
Jun 16 2021 // New York’s Jencap Group Promotes Maher to President Jencap Group LLC, a New York-headquartered national wholesale intermediary, has promoted Mark Maher to president. In his new role, Maher will work with the Jencap...
Insurance Agent Turns Guide for Bear Hunters in Mississippi
Jun 16 2021 // LIBERTY, Miss. — On June 2, Tom Lewis left his office at Liberty Insurance Agency to serve as guide for a group of bear hunters. In this case, the “hunters” were researchers from Mississippi State University...
Broker Verlingue Consolidates European Brand by Launching in Switzerland and Portugal
Jun 15 2021 // Verlingue, the Adelaïde Group’s insurance brokerage subsidiary, is consolidating its brand in Switzerland and Portugal. After the successful launch of the brand in the United Kingdom in December 2019, the...
2 Louisiana Insurance Agents Fined, Suspended in Separate Actions
Jun 14 2021 // Two Louisiana insurance producers have been issued cease and desist orders, summary suspensions, fines and notices of license revocations, state insurance regulators said. The Louisiana Department of Insurance (LDI) fraud...
Insurance Broker Aston Lark Ireland Buys McMahon Galvin Ltd. in Dublin
Jun 14 2021 // Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd. Financial terms of the deal were not disclosed. Based in Dublin, McMahon Galvin...
Hong Kong Insurance Broker Azure Risk Expands Product Range
Jun 9 2021 // Azure Risk Ltd., a digital provider of marine and freight forwarding insurance, has been granted its application to broaden its license by the Hong Kong Insurance Authority. As a result, the broker has expanded its...
